Safaricom Investment Cooperative has rebranded to SIC Investment Cooperative as part of its 2023-2027 strategic plan.
- •Founded in 2009, SIC Investment Cooperative invests in real estate, securities, and private equity.
- •It has more than 5,000 members and has more than 150 land projects.
- •Its four business lines are land, housing, business development, and value-added services.
“We understand that client choices constantly keep changing and evolving, driven by shifts around the world, technological advancements, and global events leading to a change in consumer behaviour,” Churchill Winstones, SIC Investment Co-operative Chief Executive Officer said.
The cooperative said the rebrand was necessary and was “anchored on financial growth and sustainability, increased member mobilisation, and improved internal processes.”
“The government is also harmonising various legal and regulatory frameworks and realigning them to the current needs and realities as envisioned in BETA; so that it can ensure that we have a well-governed and sustainable cooperative society ecosystem that protects the interests of all the members,” Wycliffe Oparanya, Cabinet Secretary Ministry of Co-operatives and Micro, Small and Medium Enterprises (MSME), said during the rebranding launch ceremony on Tuesday.
SIC Investment Cooperative is regulated by the State Department of Cooperatives while its sister SACCO, Safaricom SACCO, is regulated by the Sacco Societies Regulatory Authority (SASRA).
